Civic Intelligence

Laco Elec Inc

990 • Fiscal year 2015 • EIN 95-1474820

Oct 01, 2014 to Sep 30, 2015 • Filed on Feb 09, 2016

297 N Marengo AvePasadena, CA 91101

(626) 243-9700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

41st percentile

0.05x

Higher debt load relative to assets than 41% of similar nonprofits.

2015 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

38th percentile

0.28x

Higher debt load relative to revenue than 38% of similar nonprofits.

2015 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2015

Net Margin

9th percentile

-81%

Higher net margin than 9% of similar nonprofits.

2015 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

84th percentile

$253,433

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 53.2% of source-year revenue.

2015 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2015

Asset Growth

79th percentile

5.1%

Faster asset growth than 79% of similar nonprofits.

2015 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

36th percentile

-0.7%

Faster revenue growth than 36% of similar nonprofits.

2015 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$2,842,971

Up $138,892 (+5.1%) from 2014

Net Assets

Up

$2,708,460

Up $141,461 (+5.5%) from 2014

Liabilities

Down

$134,511

Down $2,569 (-1.9%) from 2014

Revenue

Down

$476,325

Down $3,588 (-0.7%) from 2014

Expenses

Up

$860,751

Up $101,120 (+13%) from 2014

Net Income

Down

-$384,426

Down $104,708 (-37%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $2,355,758Liabilities 2011: $115,666Net Assets 2011: $2,240,0922011Assets 2012: $2,753,542Liabilities 2012: $133,877Net Assets 2012: $2,619,6652012Assets 2013: $2,667,978Liabilities 2013: $133,024Net Assets 2013: $2,534,9542013Assets 2014: $2,704,079Liabilities 2014: $137,080Net Assets 2014: $2,566,9992014Assets 2015: $2,842,971Liabilities 2015: $134,511Net Assets 2015: $2,708,4602015Assets 2016: $2,634,714Liabilities 2016: $131,716Net Assets 2016: $2,502,9982016Assets 2017: $2,421,809Liabilities 2017: $149,878Net Assets 2017: $2,271,9312017Assets 2018: $2,210,486Liabilities 2018: $144,494Net Assets 2018: $2,065,9922018Assets 2019: $2,009,438Liabilities 2019: $145,801Net Assets 2019: $1,863,6372019Assets 2020: $10,676,263Liabilities 2020: $140,753Net Assets 2020: $10,535,5102020Assets 2021: $10,349,930Liabilities 2021: $94,585Net Assets 2021: $10,255,3452021Assets 2022: $6,676,848Liabilities 2022: $95,242Net Assets 2022: $6,581,6062022Assets 2023: $3,792,390Liabilities 2023: $0Net Assets 2023: $3,792,3902023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2015

Assets$2,842,971
Liabilities$134,511
Net Assets$2,708,460

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $435,715Expenses 2011: $726,684Net Income 2011: -$290,9692011Revenue 2012: $433,619Expenses 2012: $689,012Net Income 2012: -$255,3932012Revenue 2013: $472,253Expenses 2013: $773,400Net Income 2013: -$301,1472013Revenue 2014: $479,913Expenses 2014: $759,631Net Income 2014: -$279,7182014Revenue 2015: $476,325Expenses 2015: $860,751Net Income 2015: -$384,4262015Revenue 2016: $479,421Expenses 2016: $996,188Net Income 2016: -$516,7672016Revenue 2017: $483,415Expenses 2017: $1,029,056Net Income 2017: -$545,6412017Revenue 2018: $370,221Expenses 2018: $1,009,746Net Income 2018: -$639,5252018Revenue 2019: $337,157Expenses 2019: $1,414,198Net Income 2019: -$1,077,0412019Revenue 2020: $9,576,308Expenses 2020: $821,235Net Income 2020: $8,755,0732020Revenue 2021: $313,287Expenses 2021: $710,888Net Income 2021: -$397,6012021Revenue 2022: $202,316Expenses 2022: $3,353,949Net Income 2022: -$3,151,6332022Revenue 2023: $79,098Expenses 2023: $3,000,155Net Income 2023: -$2,921,0572023Revenue 2024: -$176,435Expenses 2024: $4,038,481Net Income 2024: -$4,214,9162024

Highlighted filing

2015

Revenue$476,325
Expenses$860,751
Net Income-$384,426
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Feb 9, 2016
Return Version
2014v6.0
Gross Receipts
$476,325
Mission and Program Overview

Mission

TITLE-HOLDING ENTITY

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,564,492$2,717,000▲ $152,508
Rtn Earn Endowment Incm Other Fnds$2,366,999$2,508,460▲ $141,461
Cap Stk Tr Prin Current Funds$200,000$200,000→ $0
Prepaid Expenses and Deferred Charges$98,175$100,300▲ $2,125
Accounts Receivable$15,304$22,524▲ $7,220
Cash and Non-Interest-Bearing Accounts$26,108$3,147▼ $22,961
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,704,079$2,842,971▲ $138,892
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$124,701$122,132▼ $2,569
Other Liabilities$12,379$12,379→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$137,080$134,511▼ $2,569
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,566,999$2,708,460▲ $141,461
Total Liabilities and Net Assets / Fund Balance$2,704,079$2,842,971▲ $138,892

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,619,230$3,222,543$4,841,773
Land$1,097,770-$1,097,770
Compensation and Service Providers

Employees

NameTitleOtherTotal
Barry MeyerTrustee$15,770$15,770
Dennis SandersonTrustee$15,541$15,541
Herbert CampbellTrustee$13,621$13,621
Armando GutierrezTrustee - Past$13,084$13,084
Jeff BeardTrustee$12,744$12,744
Kevin JohnsonTrustee$12,097$12,097
John ParksTrustee - Past$11,586$11,586
Larry CaldwellTrustee - Past$8,533$8,533

Board Members and Trustees

NameTitle
Richard ReedPresident
Jane TemplinVice President
Art DiazTrustee
Chris BerryTrustee
Luis AridaTrustee
Marvin KropkeBus. Mgr./fin. Sec.
Eric BrownSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$476,325
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-384,426

Audited Revenue Reconciliation

Revenue per Audited Statements
$476,325
Revenue Not Reported on Form 990
$525,887
Total Revenue per Audited Statements
$1,002,212
Total Revenue per Form 990
$476,325
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$860,751
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$302,740
Occupancy---$177,623
Insurance---$80,810
Other Expenses---$42,657
Fees for Services Accounting---$17,500
Fees for Services Legal---$392
Total Functional Expenses$0$0$0$860,751

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$860,751
Total Expenses per Audited Statements$860,751
Total Expenses per Form 990$860,751
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$12,379
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Part VI, LINE 6:

INTERNATIONAL Brotherhood of Electrical Workers Local 11 IS THE sole SHAREHOLDER OF Laco Elec, Inc. Part VI, Line 7: Regular members of INTERNATIONAL Brotherhood of Electrical Workers Local 11 elect members of the corporation's governing body and approve the decisions of the governing body. PART VI, LINE 8B: THE CORPORATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. Part VI, Line 11B: Form 990 was reviewed by an officer before it was filed. Part VI, Line 12c: Officers are required to notify the corporation of any changes in their interests that could give rise to conflicts. Part VI, Line 15: Officers of the corporation serve without compensation. Part VI, Line 19: The corporation's governing documents, conflict of interest policy and financial statements are maintained in the corporation's office and available upon request. Part XI, Line 9 - Reconciliation of net assets: Write-off advance from International Brotherhood of Electrical Workers Local Union No. 11 - $525,887

Filing and Contact Details

Filer

Filer Name
Laco Elec Inc
EIN
95-1474820
In Care Of
% RICHARD REED
Phone
6262439700
Address
297 N MARENGO AVE, PASADENA, CA 91101

Signing Officer

Name
Marvin Kropke
Title
business manager/financial secretar
Phone
6262439700
Signed
2016-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marvin Kropke
Formed
1947
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Miller Kaplan Arase Llp
Address
4123 LANKERSHIM BLVD, NORTH HOLLYWOOD, CA 91602-2828
Preparer
Miller Kaplan Arase Llp
Phone
8187692010
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

LACO Elec, Inc. has adopted guidance on accounting for uncertainty in income taxes issued by the Financial Accounting Standards Board. Management of LACO Elec, Inc. believes that LACO Elec, Inc. has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. As of September 30, 2015, information returns for years subsequent to the year ended September 30, 2011 WERE subject to examination by authorities. Part XI, Line 2d: Write-off advance from International Brotherhood of Electrical Workers Local Union No. 11 - $525,887

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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0476325
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt080810
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03222543
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02564492
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02717000
IRS990/LandBldgEquipCostOrOtherBssAmt05939543
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TITLE-HOLDING ENTITY
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt02566999
IRS990/NetAssetsOrFundBalancesEOYAmt02708460
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0177623
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0525887
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1ALLOC. SALARIES AND COSTS
IRS990/OtherExpensesGrp/Desc2PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc3JANITORIAL SVCS. & SUPPLIES
IRS990/OtherExpensesGrp/TotalAmt042441
IRS990/OtherExpensesGrp/TotalAmt196400
IRS990/OtherExpensesGrp/TotalAmt2100188
IRS990/OtherExpensesGrp/TotalAmt342657
IRS990/OtherLiabilitiesGrp/BOYAmt012379
IRS990/OtherLiabilitiesGrp/EOYAmt012379
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt098175
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0100300
IRS990/PrincipalOfficerNm0MARVIN KROPKE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0476325
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0476325
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0759631
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0479913
IRS990/PYRevenuesLessExpensesAmt0-279718
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0759631
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0479913
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-384426
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02366999
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02508460
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01619230
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03222543
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04841773
IRS990ScheduleD/ExpensesSubtotalAmt0860751
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01097770
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01097770
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012379
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0525887
IRS990ScheduleD/RevenueNotReportedAmt0525887
IRS990ScheduleD/RevenueSubtotalAmt0476325
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LACO Elec, Inc. has adopted guidance on accounting for uncertainty in income taxes issued by the Financial Accounting Standards Board. Management of LACO Elec, Inc. believes that LACO Elec, Inc. has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. As of September 30, 2015, information returns for years subsequent to the year ended September 30, 2011 WERE subject to examination by authorities. Part XI, Line 2d: Write-off advance from International Brotherhood of Electrical Workers Local Union No. 11 - $525,887
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02717000
IRS990ScheduleD/TotalExpensesPerForm990Amt0860751
IRS990ScheduleD/TotalLiabilityAmt012379
IRS990ScheduleD/TotalRevenuePerForm990Amt0476325
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01002212
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0860751
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0192829
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1151922
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2127855
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt033615
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt133615
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt233615
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt026989
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt126989
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt226989
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARVIN KROPKE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1RICHARD REED
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2ERIC BROWN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0BUS. MGR./FIN. SEC.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0253433
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1212526
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2188459
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INTERNATIONAL Brotherhood of Electrical Workers Local 11 IS THE sole SHAREHOLDER OF Laco Elec, Inc. Part VI, Line 7: Regular members of INTERNATIONAL Brotherhood of Electrical Workers Local 11 elect members of the corporation's governing body and approve the decisions of the governing body. PART VI, LINE 8B: THE CORPORATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. Part VI, Line 11B: Form 990 was reviewed by an officer before it was filed. Part VI, Line 12c: Officers are required to notify the corporation of any changes in their interests that could give rise to conflicts. Part VI, Line 15: Officers of the corporation serve without compensation. Part VI, Line 19: The corporation's governing documents, conflict of interest policy and financial statements are maintained in the corporation's office and available upon request. Part XI, Line 9 - Reconciliation of net assets: Write-off advance from International Brotherhood of Electrical Workers Local Union No. 11 - $525,887
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI, LINE 6:
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.18$4.04$4.21
2023Detailed filing. Detailed filing data is available for this year.$3.79$0.00$3.79$0.08$3.00$2.92
2022Detailed filing. Detailed filing data is available for this year.$6.68$0.10$6.58$0.20$3.35$3.15
2021Detailed filing. Detailed filing data is available for this year.$10.3$0.09$10.3$0.31$0.71$0.40
2020Detailed filing. Detailed filing data is available for this year.$10.7$0.14$10.5$9.58$0.82$8.76
2019Detailed filing. Detailed filing data is available for this year.$2.01$0.15$1.86$0.34$1.41$1.08
2018Detailed filing. Detailed filing data is available for this year.$2.21$0.14$2.07$0.37$1.01$0.64
2017Detailed filing. Detailed filing data is available for this year.$2.42$0.15$2.27$0.48$1.03$0.55
2016Detailed filing. Detailed filing data is available for this year.$2.63$0.13$2.50$0.48$1.00$0.52
2015Detailed filing. Detailed filing data is available for this year.$2.84$0.13$2.71$0.48$0.86$0.38
2014Summary only. Only limited summary data is available for this year.$2.70$0.14$2.57$0.48$0.76$0.28
2013Summary only. Only limited summary data is available for this year.$2.67$0.13$2.53$0.47$0.77$0.30
2012Summary only. Only limited summary data is available for this year.$2.75$0.13$2.62$0.43$0.69$0.26
2011Summary only. Only limited summary data is available for this year.$2.36$0.12$2.24$0.44$0.73$0.29